1403 Grant StPeruIL61354
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Peru rentals match the income profile of 1403 Grant St, Peru, IL, 61354. Listed at $179,900, gross rent is $2,182/mo and net cash flow is $934/mo, a 14.55% yield well above national averages. DSCR 2.70 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $49,703 by year five with $1,657/yr in annual principal reduction, projecting $128,914 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.6% | 7.2% |
| Monthly Cash Flow | $934 | $300 |
City averages based on Peru market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,182 |
| Total Monthly Debt Service | $1,176 |
| DSCR Ratio | 1.86x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1918
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61354, Peru, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,167 (100%) |
| Owner Occupied HU | 3,443 (66.6%) |
| Renter Occupied HU | 1,281 (24.8%) |
| Vacant Housing Units | 443 ( 8.6%) |
| Median Home Value | $204,858 |
| Average Home Value | $234,466 |
Housing Distribution
Address Breakdown
Residential
4,890
Single Family
4,547
Multi-Family
343
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1918
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61354, Peru, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,167 (100%) |
| Owner Occupied HU | 3,443 (66.6%) |
| Renter Occupied HU | 1,281 (24.8%) |
| Vacant Housing Units | 443 ( 8.6%) |
| Median Home Value | $204,858 |
| Average Home Value | $234,466 |
Housing Distribution
Address Breakdown
Residential
4,890
Single Family
4,547
Multi-Family
343
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices